Rice-Pledging: 'Huge Loss' On The Cards

[Buchholz]

Irregularities in state rice pledging scheme reported in Northeast

Agricultural price-pledging policy has failed

Corruption Probe into Rice Pledging Scheme Progressing

Buriram Rice Pledging Under Probe

Exiled Thai Leader Thaksin Says Rice Policy Should Stay

Former Thai Prime Minister Thaksin Shinawatra said a rice-purchase program should be extended for several more years, rebuffing critics who say the policy has increased government debt and encouraged corruption.

Prime Minister Yingluck Shinawatra implemented the price- support policy to boost incomes of farming families whose support helped her Pheu Thai Party win an election last year. The program, under which the government buys rice from farmers at above-market rates, reaps economic gains that are about three times the program’s cost, Thaksin said in an interview.

“If we manipulate the mechanism for two years, three years, then things will be moving naturally,” Thaksin said in Singapore today. “We do not just throw away the money,” Thaksin said. The program will lead to higher government revenue through the sale of stockpiled grain, increased local consumption and will help cushion Thailand from the effects of the European debt crisis", he said.

Continued:

http://www.bloomberg.com/news/2012-09-24/thai-rice-policy-should-stay-several-more-years-thaksin-says.html

Bloomberg - Sept. 24, 2012

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[GentlemanJim]

Well Thaksin would keep saying keep the subsidies up as he has persuaded loads of Arabs to buys 1000's of Rai of rice paddy.

[Thai at Heart]

http://www.telegraph.co.uk/finance/commodities/9561143/World-on-track-for-record-food-prices-within-a-year-due-to-US-drought.html

World on track for record food prices 'within a year' due to US drought

[GentlemanJim]

http://www.telegraph...US-drought.html

World on track for record food prices 'within a year' due to US drought

More like world on track for record food prices within a year due to a pre-emptive strike in October by Israel on Iran, commencing the start of world war 3.

[Thai at Heart]

http://www.telegraph...US-drought.html

World on track for record food prices 'within a year' due to US drought

More like world on track for record food prices within a year due to a pre-emptive strike in October by Israel on Iran, commencing the start of world war 3.

Well i will go with the weather as an explanation for food price rises over someone attacking iran. Cant see the economic tie up.

[GentlemanJim]

http://www.telegraph...US-drought.html

World on track for record food prices 'within a year' due to US drought

More like world on track for record food prices within a year due to a pre-emptive strike in October by Israel on Iran, commencing the start of world war 3.

Well i will go with the weather as an explanation for food price rises over someone attacking iran. Cant see the economic tie up.

[Thai at Heart]

http://www.telegraph...US-drought.html

World on track for record food prices 'within a year' due to US drought

More like world on track for record food prices within a year due to a pre-emptive strike in October by Israel on Iran, commencing the start of world war 3.

Well i will go with the weather as an explanation for food price rises over someone attacking iran. Cant see the economic tie up.

And the crop has failed anyway, so its largely irrelevant what goes on in Iran now.

Close the strait? It can get shipped around? Oil up isnt going to feed food inflation in one year tgat significantly. As I said, it causes uncertainty but global crop failure is going to have a cobsiderably bigger and quicker effect than Israel takibg out iran.

[jbrain]

http://www.telegraph...US-drought.html

World on track for record food prices 'within a year' due to US drought

More like world on track for record food prices within a year due to a pre-emptive strike in October by Israel on Iran, commencing the start of world war 3.

The real issue isn't the US drought or a war.The real issue has been for several years already that farm land is used to grow foods used for energy products instead of feeding people.